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2695 S. Kihei Rd. 8-411

Kihei, HI 96753-5434

This sought-after top-floor two-bathroom end unit offers spectacular ocean and Haleakala views from the large private covered lanai.

145 N Kihei Rd.

Kihei, HI 96753

Rarely available, ground-level oceanfront condo steps from the glistening ocean. Step off your lanai onto the longest white sand beach on Maui

1824 Malama St.

Kihei, HI 96753PV

Owned, Tesla Powerwall, and a convenient Kihei Location!

Contact your Agent for a 15 min. consultation and learn how to save Thousands of $$$!

Aloha -

Just in time for the holidays, Fannie Mae and Freddie Mac have a gift for all of us!

On 11/30/21, the Federal Housing Finance Agency (FHFA) announced a noteworthy increase in the baseline conforming loan limit for 2022. The federal government will now back mortgage loans up to $970,800, a game-changing development for buyers trying to keep up with the still-booming housing market.

Borrowers who can now qualify for a conforming loan rather than a jumbo loan will find that they have access to more competitive rates and need a less substantial down payment to purchase a new home. And current homeowners will have the opportunity to utilize more of their equity by borrowing up to the higher conforming loan limit.

So, with housing prices still soaring and mortgage rates still remarkably low, should this news make us concerned that we’re headed toward a bubble? Happily, the signs point to NO!

A bubble happens when a quick increase in prices is closely followed by a quick drop in prices. Once the “pop” occurs, homeowners who bought during the bubble may spend years with a home valued at less than their purchase price.

But there are some major differences between today’s market and the bubble that occurred in 2008. First, home value growth is expected to persist in the foreseeable future (albeit at a slightly slower pace); an October report by Goldman Sachs projected that home prices will rise an additional 16% by the end of 2022, thanks to mortgage rates staying low and workers continuing to pursue the Great Reshuffle. Second, we have an ongoing - and significant - undersupply of homes nationwide.

In fact, based on recent statistics from the National Association of REALTORS®, we’re around 5.5 million housing units short of demand. According to the chief economist at Realtor.com, even if the current pace of construction suddenly doubled, we’d experience a housing shortage for five to six more years. And given the supply chain disruptions and higher costs of building materials resulting from the pandemic, a rapid jump in construction doesn’t seem likely.

If you’re wondering how all of this is playing out on Maui, consider this: dollar volumes for sales of condos and homes doubled in November 2021, as compared to November 2020. And land sales tripled, since low home inventory has compelled many would-be buyers to build.

Let’s make it a new year’s resolution to take advantage of these incredibly favorable conditions. Contact Sara today about getting your home listed in this hot market - and finding a new home at fantastic conventional loan terms!

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